At the time of retirement, OPS pensioners can also commute up to 40 per cent of their pension amount. When they do it, they get a lump sum amount. But the pension amount decreases for 15 years. After ...
Old Pension Scheme: Many states in India still follow the Old Pension Scheme (OPS). States such as Himachal Pradesh, Rajasthan, Chhattisgarh, and Punjab have recently reintroduced OPS. Central ...